Reinsurance News
Terrorism reinsurance
Terrorism reinsurance news and analysis can be found below.
Reinsurance for terrorism risks provides insurers with a backstop for potentially catastrophic and difficult-to-predict losses from terrorist attacks.
Due to the fact the private reinsurance market is often capacity constrained to cover such enormous, concentrated and potentially volatile terrorism risks, governments in many countries (including the UK, US, and Australia) have established public-private terror reinsurance risk pools to ensure terrorism insurance cover remains available to businesses.
Prolonged Middle East tensions may heighten volatility in terrorism and political violence coverage
18th March 2026
While acknowledging that the re/insurance industry remains well-positioned to absorb moderate losses from terrorism and political violence due to strong capitalisation and diversified underwriting portfolios, Morningstar DBRS has warned that prolonged geopolitical and military tensions in the Middle East could increase underwriting volatility, tighten reinsurance terms, and prompt more selective ... Read the full article
Pool Re finalises renewal of £2.75bn retrocession placement
5th March 2026
Britain’s government-backed terrorism reinsurer, Pool Re, has completed the placement of its 2026 retrocession placement, securing £2.75 billion of aggregate excess of loss cover, including new cover for non-damage business interruption (NDBI). In terms of the size, the £2.75 billion of retro reinsurance protection secured through this 36 month placement is ... Read the full article
HIVE expands into Political Violence & Terrorism with Stuart Harmer appointment
2nd March 2026
HIVE Underwriters, an independent specialty MGA, has expanded into the Political Violence & Terrorism (PVT) insurance market with the hire of Stuart Harmer as Class Underwriter, PVT. The move marks a further step in HIVE’s evolution into a multi-class specialty MGA, strengthening its knowledge-led underwriting proposition. The expansion into PVT will be ... Read the full article
ARPC completes reduced $2bn terrorism retrocession program for 2026
16th February 2026
Australia’s terrorism reinsurance pool, administered by Australian Reinsurance Pool Corporation (ARPC), has purchased a reduced terrorism retrocession limit of $2 billion, with an increased deductible of $500 million, for the 2026 calendar year. ARPC explained that this reflects its current assessment of portfolio risk, prevailing reinsurance market conditions, and the protection ... Read the full article
Insurers to access Terrorism Reinsurance Pool as Bondi Beach attack declared a terrorism incident
16th December 2025
The Bondi Beach attack on December 14th has been declared a terrorism incident for insurance purposes under the Terrorism and Cyclone Insurance Act 2003 (TCI Act), activating the Terrorism Reinsurance Pool (TRP) as the Insurance Council of Australia (ICA) declares the attack a significant event. The declaration made by the Treasurer ... Read the full article
UK SMEs underprepared for terrorism risk, warns Pool Re
28th November 2025
Pool Re, the UK’s largest terrorism reinsurer, has highlighted the significant terrorism insurance gap among small and medium-sized enterprises (SMEs), with industry experts calling for terrorism cover to be reinstated as a standard feature of commercial property insurance to better protect SMEs and ensure business continuity. At its annual Market Event, ... Read the full article
Deterministic models key for reinsurers to secure better-informed terror strategies: Lockton Re & Blackthorn
13th November 2025
The stability and predictability that have defined terrorism insurance for decades is challenged by a rapidly changing threat landscape, calling into question the validity of long-standing assumptions around terrorism events that underpin scenario modelling and pricing strategies. This assessment comes from a new report, ‘Beyond the Blast: Capital Management of Tomorrow’s ... Read the full article
Markel appoints Clarice Francis as Operations Manager for War & Terrorism
30th September 2025
Markel Insurance, the insurance division of Markel Group Inc., has announced the appointment of Clarice Francis as Operations Manager for War and Terrorism. In this role, Francis will focus on enhancing operational efficiency within the International War and Terrorism team, working closely with management, claims, actuarial, and product development departments to ... Read the full article
Optio Group launches enhanced political violence and terrorism coverage
2nd June 2025
Optio Group (Optio), an independent specialty managing general agent (MGA), has announced the successful rollout of its new political violence and terrorism (PVT) binders. The product offers a coverage limit of USD 150 million, designed to safeguard businesses and organisations against a wide range of physical and financial risks. An optional ... Read the full article
Pool Re secures £100m of terrorism retrocession coverage with latest cat bond
8th April 2025
Pool Re, a UK-based provider of terrorism reinsurance, has successfully completed the placement of its third catastrophe bond, Baltic PCC Limited (Series 2025-1), which provides the reinsurer with £100 million of collateralised retrocession protection. This new issuance reinforces Pool Re’s ongoing commitment to shielding UK taxpayers from the financial impact ... Read the full article
Pool Re completes transition to modernised cat treaty reinsurance scheme
1st April 2025
With the support of its Members, regulators, and HM Treasury, Pool Re, Great Britain’s government-backed terrorism reinsurer, has completed its transition to a modernised catastrophe treaty reinsurance scheme. Originally announced in March 2024, the new scheme intends to enable Pool Re to better serve its Members by addressing the evolving ... Read the full article
IQUW introduces Active Assailant insurance in partnership with Crisis24
20th March 2025
Specialty insurer and reinsurer IQUW has introduced a new Active Assailant insurance offering in collaboration with Crisis24, a crisis response specialist. This product is designed to provide coverage for physical attacks perpetrated by individuals or groups using weapons like guns, knives, vehicles, or drones, aimed at inflicting harm, injury, death, or ... Read the full article
Pool Re initiates consultation on reintegration of terrorism coverage for SMEs
10th March 2025
Pool Re, the UK’s government-backed reinsurer for terrorism-related risks, has launched a market consultation aimed at exploring the possibility of including terrorism coverage as a standard feature in commercial property insurance for small and medium-sized enterprises (SMEs). The consultation, which will run until April 2025, seeks input from Pool Re’s members, ... Read the full article
Pool Re may seek more private market retro after changes to agreement with HM Treasury
10th February 2025
As Pool Re, the UK’s government-backed terrorism reinsurer, prepares for its renewal, changes to the company's retrocession agreement with HM Treasury suggests the reinsurer could require much more private market retrocession coverage when compared with previous years. Today, HM Treasury, the UK government's economic and finance ministry, published the retrocession agreement ... Read the full article
French terror risk pool GAREAT diversifies sources of reinsurance with first catastrophe bond
4th November 2024
GAREAT, the French terrorism risk insurance pool, is sponsoring its first catastrophe bond, Athéna I Reinsurance DAC, to diversify its sources of reinsurance risk capital, as reported by our insurance-linked securities (ILS) focused sister publication, Artemis. Established in 2002 as a public-private partnership market structure, GAREAT, or Gestion de l’Assurance ... Read the full article
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